1 MGA to TMT - Convert Malagasy Ariary to Turkmenistani Manat

Looking at the 30-day window, the MGA/TMT pair traded in a range of 0.000800 to 0.000900. The monthly average was 0.000830 with 5.43% volatility. This upward movement of 5.1% suggests significant momentum in the MGA/TMT exchange rate.

The current mid-market exchange rate is 1 MGA = 0.000823 TMT, updated as of July 3, 2026, 6:18 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Malagasy Ariary to Turkmenistani Manat Exchange Rate

The MGA/TMT exchange rate tells you how many Turkmenistani Manat (TMT) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.000823 TMT, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

What Affects the MGA to TMT Rate

Exchange rates between Malagasy Ariary and Turkmenistani Manat are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the MGA/TMT rate fluctuates throughout trading sessions and over longer time periods.

Historical MGA/TMT Trends

The MGA/TMT exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Using the MGA/TMT Calculator

The free calculator at the top of this page converts any amount between Malagasy Ariary and Turkmenistani Manat instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse TMT/MGA rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

Malagasy Ariary Overview

The Malagasy Ariary (MGA) is the official currency of Madagascar. Vanilla production (Madagascar produces 80% of the world's supply), mining, and tourism drive the economy. Understanding the fundamentals behind MGA helps contextualize its exchange rate movements against TMT and other currencies.

Turkmenistani Manat Overview

The Turkmen Manat (TMT) is the official currency of Turkmenistan, with its value supported by natural gas exports. The currency operates under strict exchange controls. The TMT exchange rate against MGA reflects relative economic conditions between the two currency areas.